BNP Paribas Financial Markets Raises Stock Position in Radius Recycling, Inc. (NASDAQ:RDUS)

BNP Paribas Financial Markets increased its holdings in shares of Radius Recycling, Inc. (NASDAQ:RDUS) by 87.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,502 shares of the basic materials company’s stock after purchasing an additional 5,815 shares during the period. BNP Paribas Financial Markets’ holdings in Radius Recycling were worth $232,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Radius Recycling during the 2nd quarter valued at $30,000. Founders Capital Management increased its position in shares of Radius Recycling by 50.0% during the third quarter. Founders Capital Management now owns 1,800 shares of the basic materials company’s stock worth $33,000 after acquiring an additional 600 shares during the last quarter. Banque Cantonale Vaudoise lifted its stake in shares of Radius Recycling by 23.6% in the second quarter. Banque Cantonale Vaudoise now owns 2,954 shares of the basic materials company’s stock worth $45,000 after acquiring an additional 564 shares in the last quarter. Signaturefd LLC boosted its holdings in Radius Recycling by 403.9% in the third quarter. Signaturefd LLC now owns 4,092 shares of the basic materials company’s stock valued at $76,000 after purchasing an additional 3,280 shares during the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in Radius Recycling during the 2nd quarter valued at approximately $127,000. 78.11% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Radius Recycling news, SVP Steven Heiskell sold 17,675 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $17.08, for a total value of $301,889.00. Following the sale, the senior vice president now owns 133,780 shares in the company, valued at approximately $2,284,962.40. This trade represents a 11.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 5.70% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on RDUS. The Goldman Sachs Group assumed coverage on Radius Recycling in a research note on Monday, December 2nd. They set a “neutral” rating and a $22.00 target price for the company. StockNews.com upgraded shares of Radius Recycling from a “sell” rating to a “hold” rating in a research note on Wednesday, December 4th.

Radius Recycling Trading Down 2.5 %

NASDAQ:RDUS opened at $17.06 on Tuesday. The company has a market cap of $478.35 million, a PE ratio of -1.82 and a beta of 1.59. The business’s 50 day moving average is $18.38 and its two-hundred day moving average is $16.82. The company has a quick ratio of 1.00, a current ratio of 1.92 and a debt-to-equity ratio of 0.65. Radius Recycling, Inc. has a 52 week low of $12.69 and a 52 week high of $31.70.

Radius Recycling (NASDAQ:RDUS) last announced its quarterly earnings data on Thursday, October 24th. The basic materials company reported ($0.41) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.59) by $0.18. The firm had revenue of $771.00 million for the quarter, compared to analysts’ expectations of $680.80 million. Radius Recycling had a negative return on equity of 9.83% and a negative net margin of 9.73%. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period last year, the business posted $0.47 earnings per share. On average, analysts predict that Radius Recycling, Inc. will post -1.02 EPS for the current year.

Radius Recycling Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th were paid a dividend of $0.1875 per share. The ex-dividend date was Tuesday, November 12th. This represents a $0.75 dividend on an annualized basis and a yield of 4.40%. Radius Recycling’s payout ratio is currently -8.01%.

Radius Recycling Company Profile

Radius Recycling, Inc recycles ferrous and nonferrous metal, and manufactures finished steel products worldwide. The company acquires, processes, and recycles salvaged vehicles, rail cars, home appliances, industrial machinery, manufacturing scrap, and construction and demolition scrap. It offers recycled ferrous metal, a feedstock used in the production of finished steel products; and nonferrous products, including mixed metal joint products recovered from the shredding process, such as zorba, zurik, aluminum, copper, stainless steel, nickel, brass, titanium, lead, and high temperature alloys.